Intel Acquires 15 Percent Stake In Mapping Firm HERE (reuters.com)
As the company looks to build its presence in automated driving technology, Intel announced on Tuesday it will acquire a 15 percent stake in German digital mapping firm HERE. Reuters reports: A filing to the German cartel office on Tuesday showed Intel has sought approval to buy a stake in the company, which is controlled by German carmakers Daimler, BMW and Volkswagen. Intel and HERE said in a statement that they had also signed an agreement to collaborate on the research and development of real-time updates of high definition (HD) maps for highly- and fully-automated driving. Intel did not disclose how much it would pay for the stake but said the transaction is expected to close in the first quarter. The deal highlights a shift in the dynamics of research and development in the car industry, which until recently saw automakers largely dictating terms for suppliers to manufacture their proprietary technologies at specified volumes and prices. Now carmakers are increasingly striking partnerships with technology firms using open technology standards, seeking to harness their expertise in areas including machine learning and mapping as they race against Silicon Valley companies such as Google, Tesla and Apple to develop driverless vehicles.
Where?
I'm starting to wonder about some of Intel's investments. Like they acquired McAfee and renamed it Intel Anti-Virus, I haven't seen it in too many places. Now, this. Didn't HERE get acquired by a German auto consortium?
Methinks Intel should start making parts that go into Teslas, and other EV cars. That would be a new growth market for them
Intel gets to ruin another software company!
That is all.
Instead of open source, we'll have proprietary software that has been owned and worked on by every large technology company in the world at one time or another.
HERE is definitely better than Google Maps and Apple Maps. They at least update their map more than once a year, if you're outside the US.
Of course, with so many fat kids living in/governing New Jersey, how could we tell (unless we caught them in the act, of course)?
The mapping software won't help Intel find a viable business model as desktop computers go out of vogue. The future of consumer electronics is ARM running Linux, not X86 running Windows. Touchscreen will also lose market share as they are partially replaced by voice control, especially in automotive applications.
I've abandoned my search for truth; now I'm just looking for some useful delusions.